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The fall was much quicker than the rise. There was little resistance. No one knows where the price will plateau. This has nothing to do with futures.
by cantrip 9y ago
The fall was much quicker than the rise. There was little resistance. No one knows where the price will plateau. This has nothing to do with futures.
- psyc 9y ago10k->ATH: ~19 days ATH->10k: ~30 days
- quotha 9y ago10k->ATH: ~ +100% ATH->10k: ~ -50% I think it's going to be very difficult/very long time to see ATH again
- vthallam 9y agoOn the contrary I think we will see the ATH again soon. Apparently no one knows what's going to happen, but there's just too much people, money, hash power and ecosystem for this to go bust.
- cantrip 9y agoSo "too big to fail" you mean?
- vthallam 9y agoI don't think we can call it at the moment. But one more bull run and 50 million more across the world will definitely get Bitcoin there. There's a lot of venture money coming in and new hedge funds popping up.
- xiphias 9y agoActually I think it is too big to fail at this point. A few years ago I was very cautious, but a lot has changed since then, there's a great technological path ahead, and the general sentiment from the people and media is positive, regulations are very friendly compared to what many of us were feared of.
- psyc 9y agoAfter eyeing BTC charts for the past 6 months, there is virtually no price movement that would surprise me. $30k in a couple of months? Sure. $3k? Why not. However, I will believe the bull run is over only when I see it stay down for those couple of months.
- rjp0008 9y agoAccording to https://charts.bitcoin.com/chart/price https://charts.bitcoin.com/chart/price it first reached today's price on the 6th of December and peaked on the 17th of December. It has now taken an entire month to fall to the 6th of December's price. To say the fall was quicker than the rise is at best cherry picking price point data and at worst an outright lie.